FRT’s Fast Five: Week ending April 12, 2019

Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in settled (U.S./Canada) claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us.

1. And Here Come the Lawyers: Securities Fraud Suits Commence Private Litigation Phase of Danske Bank Scandal

In what is perhaps the least surprising development in the sprawling, continuously unfolding Danske Bank (“Danske”) money laundering scandal, investor groups have filed private securities fraud actions against the Denmark-based bank and its top executives: first in the United States District Court for the Southern District of New York then, most recently, in Copenhagen City Court in Denmark. Click here to read the full article.

2. Judge Denies Injunction Forcing Arbitration in Johnson & Johnson Shareholder Dispute

Johnson & Johnson is facing a shareholder suit that seeks to restrict the filing of future shareholder suits against the company. A federal judge has rejected a bid for emergent relief by a Johnson & Johnson shareholder asking the company to institute mandatory arbitration of shareholder disputes in lieu of class action litigation. Click here to read the full article (subscription may be needed).

3. Harbour Litigation Funding Exits Iluka Class Action

Harbour Litigation Funding has unilaterally exited a funding agreement with a shareholder class that is pursuing a class action against Australian mining firm Iluka Resources. Click here to read the full article (subscription may be needed).

4. BMW Stock Drops on Charge for Possible EU Emissions-Cartel Fine

BMW AG shares fell after the luxury carmaker warned of a charge that may exceed 1 billion euros ($1.1 billion) stemming from a European Union probe into alleged collusion by German automakers to delay the rollout of cleaner-emission cars. The stock dropped as much as 2 percent Monday, the most in two weeks, after the Munich-based manufacturer said that the provision would weigh on first-quarter results and reduce its automotive profit margin this year to as low as 4.5 percent. Click here to read the full article.

5. $160M Settlement Approved by Arkansas Federal Judge in Walmart Bribery Suit

A federal judge in Arkansas on Tuesday gave her final approval to a $160 million settlement in a securities class action stemming from the alleged bribery scheme involving Walmart’s Mexican subsidiary. Click here to read the full article (subscription may be needed).

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Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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